“Based on the current situation and challenges, we came up with a number of proposals that can ensure a reduction in government intervention, transparency and competitiveness of the industry. Among them, I would highlight as the key ones, the abolition of direct state regulation of prices on the wholesale and retail markets of petroleum products, the introduction of a mechanism of antimonopoly control over balanced pricing based on the external and domestic markets’ performance, and the provision of equal access by creating regulatory requirements for oil refining and transportation services, and the determination of a minimum share petroleum products subject to mandatory sale through commodity exchanges, indicating the categories of entities that are subject to this obligation, as well as a reduction in the share of government participation in the areas of oil and gas exploration, production, refining; supply of commercial gas, and retail sale of aviation fuel”, — said Yaromir Rabay.
“Today there was a truly open dialogue with oil producing organizations. A lot of questions were raised. I have given detailed explanations. Not a single question was left unattended. The Government is definitely moving towards comprehensive liberalization of the economy and the development of market competition. There is still much work to do, and this work has begun. The Ministry of Energy will continue its open dialogue with the market. The opinions of all parties will be taken into account."
“We had a complex agenda – there is a vision of the market, of our relevant ministry represented by the Ministry of Energy, but along with that, there is also a government policy. We have organized this dialogue to see into the matter, and to discuss all the problematic issues openly, professionally and diplomatically, and, most importantly, to find consensus and hear the opinion and position of the competent authority. We believe that today’s meeting is a good example of the openness of the Government represented by the Ministry of Energy of the Republic of Kazakhstan”, — summarized Sayat Boranbekov, the Head of the Association.